Property Management, A Beginning

By
Real Estate Agent with Kennewick Richland (and West) Pasco WA Homes For Sale

Rental AvailableThis is the first of hopefully many property management blog entries. I intend to narrowly focus in on property management, investment properties, and the maintenance requirements of both.

I'm excited about this blog, as this blog is the first step in Colleen (the beautiful wife) and my goal of owning a property management company. Ever since we've been married we've owned and managed rental properties, and when relocated to the Tri Cities Washington area five years ago, we maintained 22 rental units. Right now we manage and maintain 8 rental units and 2 commercial parcels, however, these are our properties. Colleen is half-way through her coursework to obtain her Washington state real estate brokers license. We are looking at completion date of November 30th, 2008, at which time we will reevaluate our position and consider the move into managing client's investment and rental properties.

Looking forward to contributing more information and resources in and for the property management industry here on ActiveRain.


Handsome Bald DudeI be Joe Lane, the co-owner of The Lane Real Estate Team. The other owner, my beloved wife Colleen, wants nothing to do with the property management side of the real estate business. With five children still at home, I don't blame her. You can call me most anytime at 509.308.5513 | Don't mess with a bald dude!

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Topic:
Real Estate Sales and Marketing
Groups:
FIX AND FLIP IT
Property Management
Investing in Real Estate
Rental Properties.
The Rental Reps...Tenant Placement Services and Property Management
Tags:
property management
investment property
property
properties
investing
invest
rental
rentals

Comments 11 New Comment

Rainmaker
306,001
Leslie Prest
Owner, Assoc. Broker, Prest Realty, Payson,
Leslie Prest, Prest Realty, Sales and Rentals in Payson, AZ

Good luck with your company. We own our own company, and do rentals and sales (mostly rentals with the market as it is). Property Manangement is a good field to be in now. Our properties have zoomed from about 80 a year ago to about 100 now. And when the market changes a lot of those Owners will want to sell. I'm surprised more agents aren't getting into property management right now.

October 24, 2008 02:19 PM
Anonymous #8
Anonymous
Laura

I own a few rental properties in KS and am thinking of relocating to KS to manage them myself.  While I am at it, I would like to find out about managing other properties for other property owners.  I have 11+ years of experience managing my own properties.  For the few years that I have owned rental property in KS, however, I acutally have had many real problems with the management companies that I have hired to manage my KS properties and feel that I can do a better job on my own once I relocate.  I have tried doing my own research to find out whether there are any state requirements for property managers or property management companies in Overland Park, KS.  Can anyone point me in the right direction so that I can get that question answered.  I have not been able to find out as of yet.  I would appreciate any information that can be supplied...

October 24, 2008 02:30 PM
Rainmaker
68,659
Joe Lane Richland
WA Realtor, 509.438.9344 www.LaneRealEstateTeam.com
Kennewick Richland (and West) Pasco WA Homes For Sale

@Leslie, Amen to the "...And when the market changes a lot of those Owners will want to sell. I'm surprised more agents aren't getting into property management right now..." part of your comment.  I agree, what a way to garner potential buyers/sellers.  I say buyers, because renters will often times use the landlord real estate agent if a good relationship exists.

@Laura, Property managers have a tendency to not care.  Probably the reason we have always managed our own.  Property managers who do not care are really obvious during periods where the market sides with the tenant. 

October 24, 2008 02:42 PM
Rainmaker
238,247
Benjamin Clark
Buyer's Agent - Certified Negotiation Expert
Homebuyer Representation, Inc.

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points. If you have any questions, just ask! Happy blogging and good luck!

November 01, 2008 11:01 PM
Rainmaker
238,247
Benjamin Clark
Buyer's Agent - Certified Negotiation Expert
Homebuyer Representation, Inc.

Nice to see you've kept blogging. Keep it up!

November 24, 2008 01:29 PM
Rainmaker
68,659

Joe Lane Richland

WA Realtor, 509.438.9344 www.LaneRealEstateTeam.com
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